MACD + RSI EXPERT ADVISOR MT5 (for STOCKS)

MQL5 Experts

Specification

MACD + RSI EXPERT ADVISOR MT5 (for STOCKS)

- Magic number:

- Max spread (points):

- Max slippage (points):


MACD parameters:

Fast EMA:

Slow EMA:

MACD SMA:

Apply to:


RSI parameters:

Period:

Apply to:

RSI up line:

RSI down line:

---------------------------------------------------------------------------

Strategy:

OPEN ORDERS:

The EA open an order when the MACD cross the 0 line:

If cross up the 0 line --> Buy order

If cross down the 0 line --> Sell order



CLOSE ORDERS:

Two close options: RSI/Time

Option 1:

The EA close the order when:

Close a Buy order when: RSI > RSI up line

Close a Sell order when: RSI < RSI down line

Option 2:

The EA close the order at a specific time:

Hour:

Min:

No new orders will be open this day



..............................................................................................................................

EMERGENCY STOP LOST

The orders will have a percentage value of Stop Loss according to value of opened order:

- Stop loss (%): 

Example: If the order is opened when the price is 400 USD and the stop is 5%, the SL will be 20 USD

..........................................................................................................................................................


The lot will be increased for next order if one of the next conditions happen:

- Stop Loss is reached and the order is closed by Stop Loss

- If the profit when the order is closed is less than a specified percentage of the opened order:

- Minimum profit (%) 

Example: If the order is opened when the price is 400 USD, the SL(%) = 5% and the Minimum TP(%) = 10% the EA will increase the lot for the next order if the SL is reached (-400*0.05=-20 USD) or if the TP is less than Minimum TP (400*0.1= 40 USD)

If the order is closed with a value > Minimum profit (%) the lots are restarted.

............................................................................................................

Lot size:

Lot 1:

Lot 2: 

Lot 3: 

Lot 4: 

Lot 5: 

Lot 6: 

Lot 7: 

Lot 8: 

Lot 9: 

Lot 10: 

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